Central Oklahoma Workforce Investment Board Inc
Central Oklahoma Workforce Investment Board Inc. shows fluctuating annual financial performance with recent deficit and growing liabilities.
EIN: 202127210 · Oklahoma City, OK · NTEE: S30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13.2M |
| Total Expenses | $14.7M |
| Program Spending | 90% |
| Net Assets | $-303,954 |
| Transparency Score | 75/100 |
Is Central Oklahoma Workforce Investment Board Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Central Oklahoma Workforce Investment Board Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Central Oklahoma Workforce Investment Board Inc
Central Oklahoma Workforce Investment Board Inc (EIN: 202127210) is a nonprofit organization based in Oklahoma City, OK, classified under NTEE code S30. The organization reported total revenue of $13.2M and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Central Oklahoma Workforce Investment Board Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Central Oklahoma Workforce Investment Board Inc is a large nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13.6M |
| Total Expenses | $14.7M |
| Surplus / Deficit | $-1,107,332 |
| Total Assets | $3.8M |
| Total Liabilities | $4.1M |
| Net Assets | $-303,954 |
| Operating Margin | -8.2% |
| Debt-to-Asset Ratio | 108.0% |
| Months of Reserves | 3.1 months |
Financial Health Grade: C
In 2023, Central Oklahoma Workforce Investment Board Inc reported a deficit of $1.1M with expenses exceeding revenue, holds 3.1 months of operating reserves (adequate), has a debt-to-asset ratio of 108.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Central Oklahoma Workforce Investment Board Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.4% | +52.6% | +10.6% |
| 2022 | +20.2% | +3.1% | +73.8% |
| 2021 | -9.1% | +9.5% | +24.6% |
| 2020 | +12.0% | -0.9% | +26.9% |
| 2019 | +27.1% | +29.2% | +17.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Central Oklahoma Workforce Investment Board Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Central Oklahoma Workforce Investment Board Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 108.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive salaries do not consume a portion of its multi-million dollar revenue, which is highly unusual for an organization of this scale and suggests a strong focus on directing funds to programs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Central Oklahoma Workforce Investment Board Inc's IRS 990 filings:
- Liabilities frequently exceed assets (e.g., 202306: $4,086,152 liabilities vs. $3,782,198 assets), indicating potential liquidity concerns or reliance on specific funding structures.
- Reported operational deficit in the latest filing (202306: $1,107,332 deficit), which could impact future financial stability if not managed effectively.
Strengths
The following positive indicators were identified for Central Oklahoma Workforce Investment Board Inc:
- Consistent multi-million dollar revenue generation over a decade, demonstrating significant operational scale and funding capacity.
- Zero reported officer compensation across all filings, suggesting a strong commitment to directing funds towards program services rather than executive salaries.
- Long history of IRS 990 filings (13 periods), indicating a commitment to regulatory compliance and transparency.
- Significant growth in assets from $571,728 in 201506 to $3,782,198 in 202306, indicating an expansion of organizational capacity.
Frequently Asked Questions about Central Oklahoma Workforce Investment Board Inc
Is Central Oklahoma Workforce Investment Board Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Central Oklahoma Workforce Investment Board Inc (EIN: 202127210) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Central Oklahoma Workforce Investment Board Inc spend its money?
Central Oklahoma Workforce Investment Board Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Central Oklahoma Workforce Investment Board Inc tax-deductible?
Central Oklahoma Workforce Investment Board Inc is registered as a tax-exempt nonprofit (EIN: 202127210). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Central Oklahoma Workforce Investment Board Inc's spending goes to programs?
Central Oklahoma Workforce Investment Board Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Central Oklahoma Workforce Investment Board Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Central Oklahoma Workforce Investment Board Inc is above average for NTEE category S30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Central Oklahoma Workforce Investment Board Inc located?
Central Oklahoma Workforce Investment Board Inc is headquartered in Oklahoma City, Oklahoma and files with the IRS under EIN 202127210. It is classified under NTEE code S30.
How many years of IRS 990 filings does Central Oklahoma Workforce Investment Board Inc have?
Central Oklahoma Workforce Investment Board Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $13.2M in total revenue.
Why do liabilities frequently exceed assets, as seen in 202306 ($4,086,152 liabilities vs. $3,782,198 assets)?
This pattern could indicate reliance on grant advances, deferred revenue, or other short-term obligations that are common in some grant-funded organizations, but it warrants further investigation into the nature of these liabilities and the organization's liquidity management.
How does the organization manage its operational deficits, such as the $1,107,332 deficit in 202306 ($13,560,460 revenue vs. $14,667,792 expenses)?
Deficits can be covered by prior year surpluses, reserves, or specific grant funding structures. Understanding the source of funding for these deficits is crucial for assessing long-term financial stability.
What is the specific breakdown of program expenses given the absence of officer compensation?
While the 0% officer compensation suggests high program efficiency, a detailed breakdown of program expenses (e.g., direct services, training, outreach) would provide greater insight into how funds are utilized to achieve the mission.
Filing History
IRS 990 filing history for Central Oklahoma Workforce Investment Board Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Central Oklahoma Workforce Investment Board Inc's revenue has grown by 188.3%, moving from $4.7M to $13.6M. Total assets decreased by 6.4% over the same period, from $4.0M to $3.8M. Total functional expenses rose by 213.8%, from $4.7M to $14.7M. In its most recent filing year (2023), Central Oklahoma Workforce Investment Board Inc reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $4.1M in liabilities against $3.8M in assets (debt-to-asset ratio: 108.0%), resulting in net assets of $-303,954.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13.6M | $14.7M | $3.8M | $4.1M | — | View 990 |
| 2022 | $10.3M | $9.6M | $3.4M | $2.6M | — | View 990 |
| 2021 | $8.6M | $9.3M | $2.0M | $1.9M | — | View 990 |
| 2020 | $9.4M | $8.5M | $1.6M | $747K | — | View 990 |
| 2019 | $8.4M | $8.6M | $1.2M | $1.3M | — | View 990 |
| 2018 | $6.6M | $6.6M | $1.1M | $1.0M | — | View 990 |
| 2017 | $5.3M | $5.3M | $980K | $915K | — | View 990 |
| 2016 | $5.4M | $5.4M | $939K | $944K | — | View 990 |
| 2015 | $6.0M | $6.0M | $572K | $579K | — | View 990 |
| 2014 | $9.1M | $9.1M | $1.2M | $1.2M | — | View 990 |
| 2013 | $4.6M | $4.6M | $1.1M | $1.0M | — | View 990 |
| 2012 | $3.9M | $3.9M | $779K | $744K | — | View 990 |
| 2011 | $4.7M | $4.7M | $4.0M | $3.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13.6M, expenses of $14.7M, and assets of $3.8M (revenue +31.4% year-over-year).
- 2022: Revenue of $10.3M, expenses of $9.6M, and assets of $3.4M (revenue +20.2% year-over-year).
- 2021: Revenue of $8.6M, expenses of $9.3M, and assets of $2.0M (revenue -9.1% year-over-year).
- 2020: Revenue of $9.4M, expenses of $8.5M, and assets of $1.6M (revenue +12.0% year-over-year).
- 2019: Revenue of $8.4M, expenses of $8.6M, and assets of $1.2M (revenue +27.1% year-over-year).
- 2018: Revenue of $6.6M, expenses of $6.6M, and assets of $1.1M (revenue +25.2% year-over-year).
- 2017: Revenue of $5.3M, expenses of $5.3M, and assets of $980K (revenue -1.7% year-over-year).
- 2016: Revenue of $5.4M, expenses of $5.4M, and assets of $939K (revenue -9.9% year-over-year).
- 2015: Revenue of $6.0M, expenses of $6.0M, and assets of $572K (revenue -34.1% year-over-year).
- 2014: Revenue of $9.1M, expenses of $9.1M, and assets of $1.2M (revenue +98.0% year-over-year).
- 2013: Revenue of $4.6M, expenses of $4.6M, and assets of $1.1M (revenue +17.4% year-over-year).
- 2012: Revenue of $3.9M, expenses of $3.9M, and assets of $779K (revenue -16.8% year-over-year).
- 2011: Revenue of $4.7M, expenses of $4.7M, and assets of $4.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Central Oklahoma Workforce Investment Board Inc:
Data Sources and Methodology
This transparency report for Central Oklahoma Workforce Investment Board Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.